Search Results - subject:"Nominal Exchange Rate"

Islamic Republic of Iran; 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Iran

International Monetary Fund (IMF); International … - 2006

Iran's 2005 Article IV Consultation highlights Fourth Five-Year Development Plan (FFYDP) and the Twenty-Year Vision. The country's real GDP growth reached 5Â½ percent a year on average, unemployment declined, and macroeconomic indicators improved significantly, supported by favorable oil...

Persistent link: https://www.econbiz.de/10011244296

Peopleâ€™s Republic of China; 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2006

Prospects for the future remain favorable, provided that policy actions are taken to address the risks and challenges that China faces. The government recognizes the need to contain investment and credit growth, and has tightened the monetary policy in response. Greater exchange rate flexibility...

Persistent link: https://www.econbiz.de/10011244684

Suriname; 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname

International Monetary Fund (IMF); International … - 2006

Surinameâ€™s 2005 Article IV Consultation reports that economic activity has strengthened reflecting increased mining output and investment. The principal short-term challenge for Suriname is to maintain disciplined fiscal and monetary policies, especially to contain the inflation impact of...

Persistent link: https://www.econbiz.de/10011245122

Testing the Monetary Model for Exchange Rate Determination in South Africa: Evidence from 101 Years of Data

de Bruyn, Riané; Gupta, Rangan; Stander, Lardo - In: Contemporary Economics 7 (2013) 1, pp. 19-32

co-integrating relationship between the nominal exchange rate and monetary fundamentals forms the basis of the monetary …-integration is found between the nominal exchange rate and the output and money supply deviations. However, the theoretical … restrictions required by the monetary model are rejected. A vector error-correction model identifies both the nominal exchange rate …

Persistent link: https://www.econbiz.de/10010436043

Factors Influencing Emerging Market Central Banksâ€™ Decision to Intervene in Foreign Exchange Markets

Malloy, Matthew S - International Monetary Fund (IMF) - 2013

Using panel data for 15 economies from 2001-12, I identify determinants of central bank foreign exchange intervention in emerging markets (â€œEMsâ€) with flexible to moderately managed exchange rates. Similar to other studies, I find that central banks tend to â€œlean against the...

Persistent link: https://www.econbiz.de/10011142147

Chinese monetary policy – from theory to practice

Körner, Finn Marten; Ehnts, Dirk H. - Volkswirtschaftliche Fakultät, … - 2013

Chinese monetary policy constitutes a marked example of a clash between theory and practice. In theory, a fixed exchange rate regime with capital mobility turns the money supply into an endogenous variable while expansionary pressure can be alleviated by the central bank by foreign currency...

Persistent link: https://www.econbiz.de/10011260251

Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework

Benes, Jaromir; Berg, Andrew; Portillo, Rafael A; … - International Monetary Fund (IMF) - 2013

We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, we develop an open economy new-Keynesian model featuring...

Persistent link: https://www.econbiz.de/10011123860

GPM6; The Global Projection Model with 6 Regions

Carabenciov, Ioan; Freedman, Charles; Garcia-Saltos, Roberto - International Monetary Fund (IMF) - 2013

This is the sixth of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In this...

Persistent link: https://www.econbiz.de/10011242396

Drivers of Growth: Evidence from Sub-Saharan African Countries

Ghazanchyan, Manuk; Stotsky, Janet Gale - International Monetary Fund (IMF) - 2013

This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and public investment, government consumption, the exchange regime and real exchange...

Persistent link: https://www.econbiz.de/10010790257

What Explains Movements in the Peso/Dollar Exchange Rate?

Wu, Yi - International Monetary Fund (IMF) - 2013

This paper examines the factors affecting the weekly peso/dollar exchange rate movements between 1999 and 2013 using an error correction model. The model fits the historical data well. While copper price is the most important determinant of the peso exchange rate over the long run, other factors...

Persistent link: https://www.econbiz.de/10010790289